Managerial Accounting for the Hospitality Industry

Though not all hospitality students want to be accountants, managerial accounting is a crucial skill for all hospitality students. Written for aspiring hospitality managers rather than accountants, this resource focuses on how accounting principles apply directly to hospitality management. With a reader-friendly style suitable for those with no prior accounting background, this book makes accounting fun with practical examples scattered throughout each chapter that clearly illustrate accounting concepts and theories. A running case study helps readers immediately apply what they?ve learned to the types of key management decisions made at a full-service resort.

Lea R. Dopson is Chair and Associate Professor of the
Hospitality management program at the University of North Texas.
Previously, she taught at Cal Poly Pomona, the University of
Houston, and Texas Tech University, Lea holds an Ed.D. from
University of Houston, and an MBA and BS in Restaurant, Hotel, and
Institutional Management from Texas Tech University. her areas of
teaching include hospitality managerial accounting, hospitality
finance, and food and beverage cost controls. She is published in a
variety of journals and has presented her research at numerous
conferences. She has also co-authored with David Hayes, Food and
Beverage Cost Control, published by John Wiley & Sons, which is
presently in its fourth edition. Lea spent nine months in Zimbabwe,
Africa, developing a degree program in international hospitality
and tourism,. In addition to her academic career, she has held
various unit and corporate hospitality management positions with
Texas tech Foodservice, Sheraton Hotels, and Bristol Hotels.

David K. Hayes earned his Ph.D. in Education from Purdue
University, as well as MS and BS degrees in Hotel/Restaurant
Management. He held faculty positions at Purdue University and the
University of Houston. At Texas Tech University he founded the
Restaurant/Hotel program and served as Chair of the Department of
Nutrition, Education and Restaurant/Hotel Management. Dr. Hayes was
Vice President of the Educational Institute (E.I.) of the American
Hotel and Lodging Association and was responsible for the
development of training programs utilizing advanced technology
delivery systems. An industry practitioner as well as academician,
for six years he was the Owner/General Manger of the full-service
Clarion Hotel and Conference Center in Lansing, Michigan. An
accomplished author, his scholarly articles have appeared in The
Cornell Quarterly. He has written 12 books, including texts
translated into Spanish, Chinese, Portuguese, and Croatian. he is
now a full-time author who divides his professional writing and
industry advising activities between offices in Okemos, Michigan
and Jamestown, Tennessee.

• Contains a
back-of-the book CD-ROM with Excel spreadsheets (both 2003 &
2007 versions) for all of the practice problems, a guide to using
the spreadsheets, frequently used formulas, and Fun on the Web
website links

"I believe Managerial Accounting contains many benefits for both
the instructor and the student. The Apply What You Have Learned
section provides valuable exercises for active learners. Students
and faculty can't get enough of these types of questions and
problem sets."-- Greg Charles, Western Culinary Institute

"The organization of the book is perfect! This is exactly how I
teach my course. I have to jump from one chapter to another when I
use other books."-- Ben Goh, Texas Tech University, Department of
Nutrition, Hospitality & Retailing

"I can honestly say that Managerial Accounting the most
well-written accounting book that I have read to date. Perfect for
the non-math major student! It is very easy to read, and I love how
the authors keep repeating and building the confidence of students,
saying 'You can do this,' and 'It's easy Math,' and then showing
examples. The table of contents is excellent. Every aspect that I
can think of is covered in the text."--James Mawhinney, Campus
Dean, Strayer University, PA

"I believe Managerial Accounting contains many benefits for both
the instructor and the student. The Apply What You Have Learned
section provides valuable exercises for active learners. Students
and faculty can't get enough of these types of questions and
problem sets."

-- Greg Charles, Western Culinary Institute

"The organization of the book is perfect! This is exactly how I
teach my course. I have to jump from one chapter to another when I
use other books."

"I can honestly say that Managerial Accounting the most
well-written accounting book that I have read to date. Perfect for
the non-math major student! It is very easy to read, and I love how
the authors keep repeating and building the confidence of students,
saying 'You can do this,' and 'It's easy Math,' and then showing
examples. The table of contents is excellent. Every aspect that I
can think of is covered in the text."